The LIQUID platform?
The LIQUID platform is a multi-market orderbook that brings together the entire network of global cryptocurrency exchanges to enable the highest level of liquidity possible. QUOINE’s LIQUID platform comprises the World Book, a globally sourced trading platform, and Prime Brokerage, a suite offering direct market access, fiat management, crypto/fiat credit facilities and real-time reporting.
The LIQUID platform provides liquidity. Half of the proceeds raised will be used for that purpose. In traditional finance, large institutions such as Goldman Sachs, Merrill Lynch, and Morgan Stanley use billions of dollars to provide liquidity, and as the crypto economy grows and financial institutions move to embrace blockchain technology, there will be increasing need for liquidity on a massive scale from regulated, reputable sources, which is where QUOINE comes in.
QUOINEX is the very first Japanese exchange that is regulated by Japan Financial Services Agency, JFSA created by the parent company QUOINE. The team successfully launched a cryptocurrency exchange that is among the largest in the country. They then worked on creating a global liquidity platform for investors of cryptocurrency, token issuers, and customers looking to take advantage of the new generation of financial services known as the LIQUID platform. The entire thing is powered by the QASH token.
During the QASH token sale in late 2017, QUOINE raised 350 million QASH. Each QASH is equal to 0.001 ETH. As a security measure for token holders, all QASH tokens must be purchased via a QRYPTOS account. Although some investors might find this annoying, it is a calculated decision to reduce the security risks that users face.
QUOINE points out that each day, more cyberattacks, impersonators, and hacks occur, leading to the theft of millions of dollars. The team feels that this vulnerability comes from the lack of security measures for investors to deposit and transfer funds. Instead of ignoring proper know your customer (KYC) checks and using just one publicly posted address for funds (which can be faked by hackers), QUOINE requires contributors to use its own trading platform (QRYPTOS) during the token sale.
How Does a Lack of Liquidity Cause Problems?
The main problem QUOINE aims to resolve with the LIQUID platform is the lack of liquidity across resources. The team points out that there are very limited resources of liquidity, and these are only in two main areas. Developed markets with standalone exchanges have their own closed liquidity pools, but nonresidents cannot access these. Emerging markets that are currently underserved by illiquid local currencies need to interact with those larger liquidity pools to take advantage of cryptocurrencies in their own local currency, providing the other method of obtaining liquidity. However, the process is roundabout and complicated.
How Does QUOINE Resolve This?
QUOINE will resolve the lack of liquidity by creating a single trading platform that is globally sourced, called World Book, plus an associated service suite, known as Prime Brokerage. These tools bring together the full global network filled with crypto exchanges, delivering the highest liquidity level to all markets.
What Key Technologies Does LIQUID Use?
In the LIQUID platform that combines the World Book and Prime Brokerage, QUOINE uses multiple technologies and methods. The Matching Engine was made from scratch and based on decades of financial technology experience. It can process several million transactions each second, delivering hyper-scalability and the reputation as among the most advanced matching engines.
QUOINE recognizes that fiat management is perhaps the most restrictive constraint for market liquidity, but it has a solution. It created a network with relationships formed with banks around the world. In the last three years, it has created relationships with financial institutions in areas that include the United States, Japan, Europe, Philippines, Singapore, Indonesia, and Taiwan.
QUOINE’s smart order routing system delivers low latency and real-time feeds for each of the major exchanges worldwide. The system automatically routes orders with the goal of finding available matches on those worldwide exchanges.
Finally, the Prime Brokerage will include credit facilities. With these fiat and crypto facilities, customers can leverage existing balances to get enhanced trading opportunities and can use their choice of crypto or fiat as collateral.
How Does LIQUID Stand Out from Other Similar Products?
There are several other platforms that aim to achieve the liquidity QUOINE offers with LIQUID, but they all fall short. Out of the competition, only Omega One has an aggregated order book, but it lacks real-time currency conversion, fiat management, and market making. Only Salt has a credit lending facility. In fact, LIQUID is the only platform to have all these things, along with fully functional smart order routing and a matching engine, delivering the complete package.
What Is QASH and How Will You Use It?
QUOINE sees QASH as being the preferred payment token for a range of financial services, in a way similar to Bitcoin but in the financial sector. The utility of QASH will scale up as more fintech startups, partners, and financial institutions adopt it as a payment method. Token holders will be able to trade QASH on all the major exchanges, pay using it for all the services from QUOINE, and use it in the form of a payment token for a range of other financial institutions.
What Does the QASH Allocation Look Like?
Now in year one, 35 percent of QASH tokens is offered in the public sale. Twenty percent goes to QUOINE shareholders and management, 30 percent to the ecosystem and community, and 15 percent to the institutional buyers and strategic partners, who are long-term holders. In five years, this distribution should change with just the 20 percent for management and shareholders and the remaining 80 percent available to the public.
Half of the proceeds from the QASH sale will go to liquidity. A further 20 percent will be put toward product development, and 15 percent will go to each legal/regulation and operations.
How to Buy QASH
You are not able to purchase QASH with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then trade that for QASH at an exchange which lists the token. Read on to see how to purchase it.
Register at Coinbase
For first time buyers of crypto currency, we recommend that you use Coinbase to make your first purchase – its easy to use, fully regulated by the US government so you know it is one of the safest and most reputable places to purchase cryptocurrency from. Coinbase offers the ability to purchase Bitcoin, Litecoin and Ethereum with a credit or debit card or by sending a bank transfer. The fees are higher for cards but you will receive your currency instantly.
You will have to carry out some identity verification when signing up as they have to adhere to strict financial guidelines.
To get started, click the “Sign up” button where you will be taken to a registration form where you will need to enter your name, email and choose a password.
In Coinbase, visit the “Buy / Sell” tab at the top, select “Ethereum”, choose your payment method and enter the amount you wish to purchase – you can either enter a US Dollar amount or a number of Ether.
You will then be asked to confirm your transaction, if paying with a card you might have to complete a verification with your card provider. Once that’s complete, your Ethererum will be added to your account.
Purchase QASH at an Exchange
You can now send your Ether to an exchange to trade for QASH Tokens, it is available on the following exchanges :
What Is on the LIQUID Roadmap?
QUOINE has already achieved a great deal with LIQUID. In Q1 2018, it will launch the direct market access beta for LIQUID. In Q2, the official QUOINE LIQUID launch will take place. Q3 will add direct market access, and the prime brokerage offering will arrive in Q4. In Q1 2019, it will expand the service to investment banking and asset management. The QASH blockchain will launch in Q2 of 2019, and it will achieve full license banking by Q3
QUOINE has a strong reputation thanks to its licensing by the Financial Services Agency of Japan and being held to high compliance standards around the world. With LIQUID, it aims to resolve the issues in traditional banking related to a lack of liquidity, providing benefits to everyone involved, particularly those who hold cryptocurrency.
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